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The Global Nursing Care Market is estimated to be USD 1,076.8 Mn in 2020 and is expected to reach USD 1,414.02 Mn by 2025, growing at a CAGR of 5.6%.
Market Dynamics
Key factors, such as the rising prevalence of diseases along with a growing geriatric population are driving the growth of the nursing care market. Moreover, the need for an efficient healthcare delivery service is likely to support the market growth further.
However, the lack of reimbursements for nursing care followed by the high cost of healthcare is restraining the growth of the global nursing care market. Besides, the lack of skilled professionals is also restraining the global nursing care market. A rise in personalized care would develop an opportunity for the growth of the global nursing care market.